#EURUSD @ 1.01307 to turn technically bullihs on a sustained move above 1.02 – Scotiabank
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
EUR/USD rose from an opening level of around 1.0050 in Asian trade to near 1.02 in European dealing before drifting back. Economists at Scotiabank note that a break past 1.02 would technically be bullish.
“Strong EUR gains on the session brought spot to within a whisker of key trend resistance off the Feb high (1.0206) earlier. The EUR has retreated from the intraday high but short-term price dynamics remain positive for the pair, which maintains the strong, short-term uptrend that developed earlier last week.”
“We see support at 1.0050/55 intraday.”
“Solid gains above the 1.02 area would be technically bullish from a medium-term point of view.”
[/s2If]
Join Our Telegram Group
